Ecb Urged to Reconsider Rate Hike Plans Amid Financial Market Chaos
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GDP report revives stagflation fears in the market, with growing risk of a Fed rate hike seen
Thursday’s U.S. economic data is ringing alarm bells in the minds of traders, economists and others, who are beginning to voice concerns that the world’s largest economy could be shifting into a stagflation-type of environment.MarketWatch - Business - Federal Reserve -
ECB will need more rate cuts if Fed holds back, says policymaker
Head of Italy’s central bank highlights risk of US stance pushing up global borrowing costsFinancial Times - Business - Federal Reserve -
Chaos and Oppression
The central question for universities responding to protests is whether to prioritize the preservation of order or the desire of students to denounce oppression.The New York Times - Top stories -
Mortgage rates climb for fourth week in a row, taking ‘the wind out of the sails’ of the housing market
The 30-year mortgage rate is averaging 7.17%, Freddie Mac said in its latest weekly survey on Thursday.MarketWatch - Business - Mortgage -
Watch: How runaway horses caused chaos in London
Video shows Army horses running loose through the city, colliding with vehicles and causing havoc.BBC News - Top stories -
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street's expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.
The U.S. economy grew at a sharply slower pace in the first quarter and inflation topped Wall Street’s expectations, dimming investor hopes for a quick Fed rate cut and sending the stock and bond markets down.The Wall Street Journal - World -
Johnson calls for Columbia University president to ‘bring order to this chaos’
Speaker Mike Johnson addressed the ongoing protests at Columbia University, where he called for the college’s president Nemat “Minouche” Shafik to resign. The speaker was met with several “boos” from protesters throughout his remarksNBC News - Politics -
Process raw materials in Africa, urges top environmentalist
Few economic and social benefits will come to Africans if processing is all done overseas, says Wanjira Mathai. Africa must take greater control in the industries it supplies with raw materials to lift its people from poverty and seize its own ...The Guardian - World -
Boeing Crash Families Urge U.S. to Prosecute the Company
Financial losses continue to increase as some survivors of two 737 crashes say the company should face criminal fraud charges.Inc. - Business -
Blinken raises Chinese trade practices in meetings with officials in the financial hub of Shanghai
U.S. Secretary of State Antony Blinken has raised what the U.S. describes as unfair Chinese trade practices in meetings with local government officials in the financial hub of ShanghaiABC News - World -
Many large U.S. cities are in deep financial trouble. Here's why
Many U.S. cities are facing substantial financial challenges as inflation lingers and pandemic-era stimulus dries up.CNBC - Business -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - Business -
Sadiq Khan urges Labour to pursue UK-EU youth mobility deal
London mayor tells FT that scheme would be ‘incredibly important’ for capital after Labour shunned proposalFinancial Times - Business -
Sadiq Khan urges Labour to pursue UK-EU youth mobility deal
London mayor tells FT that scheme would be ‘incredibly important’ for capital after Labour shunned proposalFinancial Times - World -
Allies of bruised Spanish PM Sánchez urge him to stay on
Opposition warns of power vacuum as premier decries ‘harassment’ culminating in graft investigation into wifeFinancial Times - World -
Allies of bruised Spanish PM Sánchez urge him to stay on
Opposition warns of power vacuum as premier decries ‘harassment’ culminating in graft investigation into wifeFinancial Times - Business -
MEPs urged to fight far right as they head home to campaign for European elections
European parliament term ends with warnings about dangers of disinformation and authoritarian forces. The starting gun has been fired on the next European parliamentary elections with more than 600 MEPs departing Strasbourg urged to use their ...The Guardian - World -
Boeing crash victims' families urge DOJ to criminally prosecute company
Families of victims in the 2019 Ethiopia crash met with prosecutors in Washington D.C. Wednesday.ABC News - Top stories -
Dow Falls More Than 600 Points
Follow along for reactions across financial markets.The Wall Street Journal - World -
How athletes and entertainers like Shohei Ohtani get financially duped by those they trust
Athletes and entertainers lose money because they're inattentive, make risky investments and overspend on loved ones and expensive toys, financial experts say.Los Angeles Times - Entertainment -
Hungary's Orbán urges European conservatives, and Trump, toward election victories at CPAC event
Hungary’s nationalist prime minister has called for right-wing forces to take power in upcoming European and U.S. elections, and expressed support for former President Donald Trump in his ongoing criminal trialABC News - World - Donald Trump -
Mother of Israeli-American hostage shown in Hamas video urges son to stay strong
The mother of Hersh Goldberg-Polin, an Israeli-American man who was taken hostage by Hamas militants in their Oct. 7 assault on Israel, spoke to CBS News Thursday about a video released Wednesday by Hamas that appears to show her son in captivity. ...CBS News - Top stories - Israel -
Scotland first minister calls cabinet meeting amid Green deal speculation
The agenda is not known, but it follows speculation about the future of the power-sharing agreement with the Scottish Greens.BBC News - Top stories -
'Do Not Use the Market as an Excuse' Says
NBC producer Kyle Scott and 'Million Dollar Listing' star Ryan Serhant just launched a new sales coaching business, Sell It, to teach the most important entrepreneurial skill--selling.Inc. - Business -
Auto & Transport Roundup: Market Talk
Gain insight on Canadian National Railway, Canadian Pacific Kansas City, North American freight-railroad traffic, and more in the latest Market Talks covering the Auto and Transport sector.The Wall Street Journal - World -
Energy & Utilities Roundup: Market Talk
Eni, Iberdrola and more in the latest Market Talks covering Energy and Utilities.The Wall Street Journal - World -
Controversial AI photo comes to the market
UBS donates 166 photographs to DC museum; Brussels fair fights VAT hike; merged galleries open first shows in SpainFinancial Times - World -
Basic Materials Roundup: Market Talk
Gain insight, BASF, Air Liquide, Hochschild Mining and more in the latest Market Talks covering Basic Materials.The Wall Street Journal - World -
Energy & Utilities Roundup: Market Talk
Eni, Iberdrola and more in the latest Market Talks covering Energy and Utilities.The Wall Street Journal - World -
Auto & Transport Roundup: Market Talk
Gain insight on O’Reilly Automotive, Mullen Group, Bombardier, and more in the latest Market Talks covering the Auto and Transport sector.The Wall Street Journal - World -
A Real Market Fix for Climate Change
If advocates actually want to use the economy, leave carbon credits in the bin. There’s a better way.The Wall Street Journal - World - Climate -
Does a fixed-rate HELOC make sense in today's elevated rate environment?
There are benefits to considering a fixed-rate HELOC in today's economic climate, but there are downsides, too.CBS News - Top stories -
Putin plans to visit China in May
Yahoo News - World - China -
Copper’s record as a stock market and economic predictor is tarnished
‘Dr. Copper’ is practicing without a license.MarketWatch - Business -
Hermes Posts Sales Growth Across All Markets
Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to be challenging for the luxury sector as a whole.The Wall Street Journal - World -
A reformed stock market would unleash Britain’s growth
Keeping growth companies onshore would boost the FTSE and the UK economyFinancial Times - World -
Why the GDP Report Fueled a Bond-Market Selloff
The results suggest that either the March inflation number, which will be reported Friday, will be higher than expected, or that figures for January and February will be revised up—or a combination of both.The Wall Street Journal - World -
Hermes Posts Sales Growth Across All Markets
Hermes sales grew across its regions in the first three months of the year, helped by its wealthier client base during a quarter that was expected to be challenging for the luxury sector as a whole.The Wall Street Journal - Business